Massachusetts Financial Services Co. MA Raises Stake in Okta, Inc. $OKTA

Massachusetts Financial Services Co. MA grew its holdings in shares of Okta, Inc. (NASDAQ:OKTA) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,635,572 shares of the company’s stock after purchasing an additional 179,919 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.65% of Okta worth $425,082,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OKTA. Evergreen Capital Management LLC boosted its holdings in shares of Okta by 144.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 4,936 shares of the company’s stock valued at $453,000 after purchasing an additional 2,919 shares during the last quarter. Vectors Research Management LLC lifted its stake in shares of Okta by 7.1% during the third quarter. Vectors Research Management LLC now owns 14,768 shares of the company’s stock worth $1,354,000 after purchasing an additional 978 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Okta by 116.3% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 12,061 shares of the company’s stock worth $1,106,000 after acquiring an additional 6,486 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Okta by 6.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,000 shares of the company’s stock worth $3,668,000 after buying an additional 2,400 shares during the period. Finally, Rakuten Securities Inc. lifted its stake in shares of Okta by 37.1% in the third quarter. Rakuten Securities Inc. now owns 2,479 shares of the company’s stock worth $227,000 after acquiring an additional 671 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

Okta Stock Performance

Okta stock opened at $89.55 on Monday. The firm has a market cap of $15.87 billion, a PE ratio of 82.16, a P/E/G ratio of 4.19 and a beta of 0.76. Okta, Inc. has a twelve month low of $75.05 and a twelve month high of $127.57. The firm’s 50 day moving average price is $86.73 and its two-hundred day moving average price is $90.25.

Okta (NASDAQ:OKTA) last issued its earnings results on Tuesday, December 2nd. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $742.00 million for the quarter, compared to the consensus estimate of $730.23 million. Okta had a return on equity of 3.77% and a net margin of 6.87%.The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. Okta has set its FY 2026 guidance at 3.430-3.440 EPS and its Q4 2026 guidance at 0.840-0.850 EPS. Equities analysts anticipate that Okta, Inc. will post 0.42 EPS for the current fiscal year.

Okta announced that its board has initiated a stock repurchase program on Monday, January 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OKTA shares. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Okta in a report on Friday, December 12th. Barclays dropped their price objective on shares of Okta from $112.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 18th. JPMorgan Chase & Co. decreased their price target on Okta from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Okta in a report on Wednesday, October 8th. Finally, Robert W. Baird reduced their price objective on shares of Okta from $142.00 to $135.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Twenty-five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Okta currently has an average rating of “Moderate Buy” and a consensus target price of $113.88.

Okta News Summary

Here are the key news stories impacting Okta this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating and published a quarterly EPS cadence (Q1–Q4 2027) that implies stronger near-term profitability than current consensus, which can support institutional buying interest. Read More.
• Positive Sentiment: UBS issued a Buy on Okta, adding another high-profile buy-side endorsement that can help sustain demand if momentum turns positive. Read More.
• Positive Sentiment: Board-authorized $1.0 billion share buyback (up to ~6.8% of shares) signals management thinks shares may be undervalued and can be an important technical/supportive catalyst for the stock. Read More.
• Positive Sentiment: Okta launched in-country platform tenants in India (data residency + enhanced disaster recovery), a strategic expansion into a large, regulated market that can accelerate enterprise adoption and revenue growth in APAC. Read More.
• Neutral Sentiment: Industry commentary highlights AI-driven security as a long-term tailwind for identity platforms like Okta—positive context for long-term investors but not an immediate price catalyst. Read More.
• Neutral Sentiment: Analyst coverage is mixed but tilted positive on average: several firms maintain Buy/Overweight ratings and a consensus target above current levels, though some targets were trimmed over recent months — this provides both upside potential and sensitivity to execution. Read More.
• Negative Sentiment: CFO Brett Tighe sold 10,000 shares (~$950k at ~\$95), trimming his holding by ~6.9% — a high-profile insider sale that can trigger short-term caution and headline-driven selling. Read More.
• Negative Sentiment: Market reports noted Okta underperformed broader market gains today, consistent with profit-taking/rotation despite multiple supportive analyst notes; near-term momentum remains fragile. Read More.

Insider Buying and Selling at Okta

In other news, insider Larissa Schwartz sold 1,899 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $90.74, for a total transaction of $172,315.26. Following the transaction, the insider owned 38,164 shares in the company, valued at $3,463,001.36. This represents a 4.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brett Tighe sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $95.07, for a total transaction of $950,700.00. Following the transaction, the chief financial officer owned 134,385 shares in the company, valued at $12,775,981.95. This represents a 6.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 36,727 shares of company stock valued at $3,344,746. 5.68% of the stock is currently owned by insiders.

Okta Company Profile

Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.

At the core of Okta’s offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.